Markets

Bitcoin and several leading digital currencies have experienced heavy price drops in recent days. Many analysts now fear that things are going to get a lot worse, and that a crypto winter may potentially be heading our way. Analysts Are Worried About a Crypto Winter On Monday, bitcoin briefly fell below the $33,000 mark, meaning it reached its lowest peak since last July. That was a time when bitcoin was trading below $30,000 – just a few months after hitting a new price...

According to analysts at the multinational investment bank Goldman Sachs, the growing mainstream acceptance might not result in higher prices for digital assets. Instead, the institution opined that the USD value of bitcoin and the altcoins correlate with inflation and other economic events. Bitcoin May Not Go Up Due to Adoption Many experts predict that the prices of most cryptocurrencies will surge should they receive wider mainstream acceptance. However, Goldman Sachs’...

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%. Bitcoin Eyes $38K Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains. In fact, it dropped to $35,500 hours after the Fed meeting and...

According to data from IntoTheBlock, addresses holding BTC for less than a month decreased their supply as bitcoin slid by $10,000 in less than a week. Bitcoin went through one of its worst corrections in terms of its USD value in the past few weeks. The asset traded above $43,500 on January 20th before it dumped by over $10,000 to a six-month low beneath $33,000. During such turbulence, history shows that long-term BTC holders tend to stick to their positions. Some even buy...

The most recent price plummets in the cryptocurrency market have not deterred large investors from accumulating more portions of certain assets. This became evident for Cardano’s native token, as on-chain data revealed that some ADA wallets have more than doubled their holdings in less than two weeks. ADA Appetite Increases With Lower Prices It’s safe to say that the cryptocurrency space went through a steep correction since the middle of January, wiping more than $500...

The world’s leading digital asset platform – Binance – is reportedly looking into expanding its services to Russia and its neighboring countries. The company believes there is a lot of prospect for new regulations in the area that could boost its business. Russia Is an Attractive Region for Binance Earlier this year, it seemed like Russia would follow China’s path and impose a total crypto ban after a proposal from the country’s central bank. Shortly after, though, the...

Considering the technical and on-chain data, a possible bounce back in the short term is possible. Though, in an uncertain environment from the macro perspective, a strong price recovery seems less likely. Technical Analysis By: Edris Daily timeframe: The downtrend in Bitcoin’s continues as we approach the bulls’ last stronghold. The daily chart shows that the price has been consolidating extensively over the previous year. We are currently moving down towards the lower band...

Along with a record $35 billion quarterly earnings and 11.2% rise in sales to $124 billion, Apple Inc outlined its metaverse ambitions on Thursday. In a call with investors, CEO Tom Cook spoke about the company’s plans and preparations to expand its presence in the business of augmented reality. Apple’s Metaverse Plans To a question asked by Katy Huberty of Morgan Stanely about “Metaverse opportunity and Apple’s role in that market,” Cook said, “We see a lot of potential in...

To say that the last seven days were rough on the cryptocurrency market would be a wild understatement. A lot happened, and the volatility jumped through the roof, so let’s start with Bitcoin. BTC’s price started going down right from the get-go. Last Saturday, it went from $39K to $36K, but the bears weren’t finished yet. Later in the day, BTC dropped below $35K and, over the next hours, consolidated around that level. On Sunday, the cryptocurrency attempted to recover a...

[PRESS RELEASE – MAHE, Seychelles, 27th January 2022] Crypto investment platform BitMEX today announced the launch of BitMEX Academy, a multimedia crypto education platform that will offer a new way to learn about crypto for beginner and expert traders alike. BitMEX Academy will bring together the greatest minds in the industry to share knowledge on cryptocurrency, blockchain technology, trading fundamentals, and other topics essential to success in the crypto markets. In the...